UBA Receiving Entries For National Essay Competition

The UBA Foundation is now accepting entries for this year’s edition of the National Essay Competition. The first prize for the competition is a N2 million educational grant for the winner to study in any African university of his or her choice, a 100% increase from N1m which was awarded last year, while the second and third prizes have increased to N1.5 million and N1m educational grants respectively.

Applicants must be secondary school students, schooling in Nigeria and applications close on 2nd November, 2018. Read More

UBA Reiterates Commitment to Strong Corporate Governance Standard, Honours Retired Directors

Appreciating Meritorious Services: l-r: Former Non-Executive Director, Alhaji Jafaru Paki; Emeritus Professor Mercy Olumide; Former Non-Executive Director, Ambassador Adekunle Olumide; Chairman, UBA Plc, Mr. Tony Elumelu; Former Non-Executive Director, Mrs. Rose Okwechime; GMD-CEO, Kennedy Uzoka; Former Non-Executive Director, Mr Zekeri Yahaya and wife Clara, during the send forth cocktail and dinner held by the Bank for the former Non-Executive Directors, held at Transcorp Hilton, Abuja on Friday

Appreciating Meritorious Services: L-R: Former Non-Executive Director, Alhaji Jafaru Paki; Emeritus Professor Mercy Olumide; Former Non-Executive Director, Ambassador Adekunle Olumide; Chairman, UBA Plc, Mr. Tony Elumelu; Former Non-Executive Director, Mrs. Rose Okwechime; GMD-CEO, Kennedy Uzoka; Former Non-Executive Director, Mr Zekeri Yahaya and wife Clara, during the send forth cocktail and dinner held by the Bank for the former Non-Executive Directors, held at Transcorp Hilton, Abuja on Friday

 

Pan African financial institution, United Bank for Africa (UBA) Plc at the weekend honoured four retiring directors while restating its commitment to ensuring strong corporate governance across the group. The four directors who had collectively served the bank for over 40 years, were celebrated for their remarkable contributions to the group, over the years.

The retired non-executive directors –  Mrs Rose Okwechime, Ambassador Kunle Olumide, Alhaji Jaafaru Paki and Mr Yahaya Zekeri – were treated to a cocktail and dinner party attended by top players in the private and public sectors at the Transcorp Hilton Hotel, Abuja on Friday. Read More

UBA Shows Resilience as Gross Earnings hit N375 billion, with Group profit of N79 billion

UBA House

United Bank for Africa Plc, the pan African financial institution with presence in 20 African countries has announced its unaudited 2018 Third Quarter Financial Results, with impressive growth in Gross Earnings, which berthed at N374.8 billion, an 12.3 percent increase when compared to N333.9 billion recorded in the corresponding period of 2017.

According to the report filed to the Nigerian Stock Exchange(NSE) on Tuesday, UBA’s net operating improved  1.7 percent year-on-year to N227.7 billion, when compared to N224 billion achieved in the similar period of 2017. Read More

Transcorp Group Announces New Executive and Non-Executive Appointments

October 16, 2018, Lagos, Nigeria – Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate has announced new appointments to its Board and executive management.

Valentine Ozigbo has been appointed as the President/CEO of Transnational Corporation of Nigeria Plc with effect from January 1, 2019.  He will succeed Mr. Adim Jibunoh, who is retiring on December 31, 2018.  Mr. Ozigbo, currently the MD/CEO of Transcorp Hotels Plc, owner of the prestigious Transcorp Hilton Abuja, will bring over 20 years’ experience in banking, business development, hospitality and corporate transformation.  A multiple award winner, Mr. Ozigbo holds an M.Sc. Finance from Lancaster University, UK; an MBA in Banking & Finance and a B.Sc. in Accounting from the University of Nigeria.  He is a Fellow of the Institute of Chartered Accountants of Nigeria. Read More

Transcorp Hilton Abuja Wins Big at Global Travel and Hospitality Awards

Honourary Ambassador and Luxury Panel Member, Seven Star Award, Prince Massimiliano della Torre e Tasso, presenting the SIGNUM VIRTUTIS Seal of Excellence for Best Business Hotel-Africa to CEO/MD Transcorp Hilton Abuja, Mr Valentine Ozigbo, flanked by Ms Ece Vahapoglu, Panel Board Member of Seven Stars, at the 2018 Seven Stars Luxury Hospitality and Lifestyle Awards held in Crete, Greece

 

ABUJA, NIGERIA – October 6, 2018: It was a night of double honours for Transcorp Hilton Abuja as the 5-star hotel was announced the winner of prestigious industry awards at simultaneous gala ceremonies on 2 continents.

For the 3rd consecutive year, the hotel was presented with SIGNUM VIRTUTIS, the seal of excellence, as the winner of the award for Seven Stars Business Hotel-Africa and Best Luxury Hotel at the Gala Ceremony of the 2018 Seven Stars Luxury Hospitality and Lifestyle Awards hosted at the Out of the Blue Capsis Elite Resort in Crete, Greece.  Remarkably, Valentine Ozigbo, MD/CEO Transcorp Hotels Plc, owners of Transcorp Hilton Abuja, was also honoured with the Seven Stars Pantheon of Hospitality award, an industry first designed to award the outstanding achievements and careers of the individuals behind the most successful properties around the world.

On the same night, for the 4th year in a row, Africa’s leading hospitality destination emerged winner of World Travel Awards in 5 categories, including Africa’s Leading Business Hotel at the 2018 Africa & Indian Ocean Gala Ceremony which took place at Durban International Convention Center in Durban, South Africa. The hotel also went home with prizes for Nigeria’s Leading Hotel, Nigeria’s Leading Business Hotel, Nigeria’s Leading MICE Hotel and Nigeria’s Leading Hotel Suite.

The hotel, which is owned by Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc emerged winner of both prestigious awards through a voting process open to the public as well as the travel trade.

“We’re honoured to be recognized for our commitments to excellence in hospitality,” said Valentine Ozigbo, MD/CEO, Transcorp Hotels Plc. “The industry awards are a testament that our transformation initiatives are appreciated by the travelling public. They also come in recognition of Transcorp Hilton Abuja’s leadership in redefining hospitality not only in Nigeria but also globally. These awards are dedicated to our team members who work tirelessly, to our guests for choosing us always and to our late hotel manager, Ahmed Abdelghafar who died in Egypt after a brief illness.”

Commenting on the awards, Etienne Gailliez, General Manager, Transcorp Hilton Abuja said, “It is a great honour to receive World Travel Awards and Seven Stars Luxury Hospitality and Lifestyle Awards at the same time. “Every day our over 1000 Team Members work hard to create exceptional experiences for our guests; the awards are a fitting reward for the hard work and dedication of our Team Members.”

The Seven Stars Luxury Hospitality and Lifestyle Awards select only the best candidates in order to identify and to separate the exceptional from the very best. Winning this extremely exclusive award is an extraordinary achievement and signifies that a property is in an elite class.

World Travel Awards was established in 1993 to acknowledge, reward and celebrate excellence across all sectors of the tourism industry. Today, the World Travel Awards brand is recognised globally as the ultimate hallmark of quality, with winners setting the benchmark to which all others aspire.

Tony Elumelu Foundation and GIZ partner to Empower Young Entrepreneurs across East and West Africa

The Tony Elumelu Foundation (TEF), Africa’s leading entrepreneurship philanthropy, is partnering with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the German Government’s Agency for International Cooperation.

GIZ will support the Tony Elumelu Foundation Entrepreneurship Programme to empower 210 young African entrepreneurs, focusing specifically on female entrepreneurs and tech-enabled businesses. The Entrepreneurship Programme of TEF was launched in 2015, having supported more than 4,000 entrepreneurs with seed capital pan-African wide. The announcement is coming ahead of the largest gathering of African entrepreneurs – The Tony Elumelu Foundation Entrepreneurship Forum – which will hold on October 25, 2018 in Lagos, Nigeria. The Forum will celebrate the 2018 cohort of the Foundation’s beneficiaries.   Read More